MDU Resources (US:MDU)2025-07-01 11:08MDU Resources Group Transformation and Strategy - MDU Resources is transitioning to a pure-play regulated energy delivery company, focusing on its "CORE" business[9, 19] - The company aims to achieve long-term EPS growth of 6-8% and utility rate base growth of 7%[29] - MDU Resources targets a dividend payout ratio of 60-70% of regulated earnings[29, 161] Financial Performance and Outlook - MDU Construction Services Group (Everus) forecasts EBITDA of $220 million to $240 million in 2024[134, 157] - Regulated Energy Delivery anticipates earnings in the range of $170 million to $180 million in 2024[155] - The company plans capital investments of $2.8 billion from 2024-2028[163] Regulatory and Operational Highlights - The company's pipeline system has a transportation capacity of approximately 26 billion cubic feet per day[40, 172] - MDU Resources achieved a 40% reduction in emissions intensity compared to 2005 levels and aims for a 45% reduction by 2030[96] - The company's electric utility aims to reduce GHG emissions by 45% by 2030 compared to 2005 levels[100] Construction Services Group (Everus) - Everus backlog remains strong at $201 billion as of December 31, 2023[134, 175] - Everus completed more than 40000 projects in 2023[127]